What is FOREX ?
FOREX (FOReign EXchange market) is an international foreign exchange market, where money is sold and bought freely.
In its present condition FOREX was launched in the 1971, when free exchange rates were introduced, and only the participants of the market determine the price of one currency against the other proceeding from supply and demand.
As far as the freedom from any external control and free competition are concerned, FOREX is a perfect market.
FOREX is a more objective market, because if some of its participants would like to change prices, for some manipulative purpose, they would have to operate with tens of billions dollars.
The idea of marginal trading stems from the fact that in FOREX speculative interests can be satisfied without a real money supply.
In FOREX, it's not obligatory to buy some currency first in order to sell it later.
Usually Internet-brokers establish the minimum deposit such as $ 1000, for working in the FOREX market, and grant a leverage of 1:100.
The major currencies traded in FOREX, are Euro (EUR), Japanese yen (JPY), British Pound (GBP), and Swiss Franc (CHF).
A far bigger role in the FOREX market belongs to the expectations of the market participants and their assessment of these expectations.
The main merits of the FOREX market are: Qualified work in the FOREX market can become your main professional activity. |